32 Firms That Renounced America Paid CEOs $439 Million Last Year

A trickle has turned into a torrent. Burger King’s announcement last week that it would buy Canadian donut darling, Tim Horton’s, and then move the merged corporation to Canada represents the 13th such deal announced this year. Most companies pursuing these “corporate inversions” have abandoned America for the express purpose of lowering their U.S. tax bills.

read in full

Counting the Costs of Carbon: White House Approach Bolstered by Investigative Report

Each ton of carbon pollution from cars, planes, and power plants comes with costs. It harms our environment and threatens our health, it drives climate change, and it negatively impacts our economy. The White House has attempted to develop a standard estimate of these costs, called the “social cost of carbon,” for agencies to use in analyzing the benefits of rules designed to reduce carbon emissions. In an Aug. 25 report, the Government Accountability Office (GAO) validated that effort.

read in full

A Taxing Double Standard: Americans with Troubled Mortgages Penalized While Scofflaw Banks Enjoy Tax Breaks

In early August, Bank of America agreed to a $16.65 billion settlement, which includes funds for “consumer relief.” However, after tax write-offs and deductions, Bank of America's net penalty could be less than $15 billion.

read in full

World Health Organization: Public Health Rules Needed to Curb E-Cigarette Risks

Contrary to industry advertising, a new report by the World Health Organization (WHO) finds that electronic cigarettes (e-cigarettes) and other electronic nicotine delivery systems pose significant public health hazards because of toxins emitted from the devices. The agency recommends that countries adopt e-cigarette rules to prevent misleading marketing of the products and to educate the public about the potential health risks involved.

read in full

Drinking Diesel? Fracking Companies Use Toxic Substance without Permits

When it comes to protecting drinking water, fracking companies have just one federal rule to follow – get a permit if they are using diesel. But a new report by the Environmental Integrity Project (EIP) indicates that many drillers can’t even abide by this simple requirement.

read in full

Election Transparency Threatened by Lack of Resources for Key Agency

Impeded by a lack of resources, the Federal Election Commission (FEC) has been slow to publicly release recent campaign finance disclosures. The FEC is the independent agency charged with enforcing federal election laws and making campaign finance information available to the American people. This information is vital, particularly in the wake of recent U.S. Supreme Court decisions that gutted our campaign finance laws, and significant delays in releasing such data are of serious concern to the health of our democracy.

read in full

20 Tax Dodgers: $240 Million for CEOs, Big Loss for the American People

USA Today published a story last week entitled “20 big profitable companies paid no taxes.” Using data provided by S&P Capital IQ, the newspaper identified 20 firms that paid no federal taxes in the second quarter of this year despite reporting $4.4 billion in second quarter profits. Collectively, these 20 CEOs were paid $240 million by the corporations they lead, an average of $12 million per CEO.

read in full

Pages